Car insurance premiums have increased by more than 8% in the past year, says CSO
Sinn Féin finance spokesman Pearse Doherty at the launch of a survey he conducted on motor insurance costs and the impact these costs are having on people's personal finances. Photograph: Nick Bradshaw/The Irish Times
On Thursday, the party published a survey of almost 1,400 motorists, highlighting the scale of motor insurance premium increases over the past year. According to the Central Statistics Office, the cost of motor insurance has risen 8.3 per cent in the year to the end of June, the tenth consecutive month premiums have risen.
Speaking to reporters on Wednesday, Sinn Féin finance spokesman Pearse Doherty said despite “pleading” for the new rules to be put in place, car insurers have failed to meet their end of the bargain by dropping premiums.The cost of owning a dog: Purchase, licence, dog-sitting, insurance, vets and cremation
Mr Doherty said Sinn Féin wants the insurance industry to comply with rules already in place in Britain and Northern Ireland. The Judicial Council Amendment Bill, which Mr Doherty first introduced in 2021 and the Oireachtas finance committee has agreed to debate after the Dáil recess in September, would force insurers to publish audited accounts detailing the impact of the awards guidelines on insurance costs.
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